The Turkish market for imported scrap was tranquil Monday, with one reported trade evidencing static pricing in otherwise quiet pre-holiday trading.
A premium Baltic merchant sold 29,000 mt of heavy melting scrap I/II (80:20) and 4,000 mt of bonus at $225/mt CFR and $235/mt CFR, respectively, to a large electric arc furnace-based steelmaker in the Izmir region.
The cargo was for end-September/early October loading, sources said.
S&P Global Platts daily assessment of Turkish premium HMS I/II (80:20) imports was static at $225/mt CFR in line with the trade.
There was talk of a deal between a Benelux-based seller and a large EAF steelmaker, but details were not available and both purported counterparties denied doing such business.
There was also suggestion a premium US East Coast merchant sold, but no details were available.
Some sellers were putting the market at slightly higher levels for the premium material specified in Platts methodology.
A Turkey-based agent for a Baltic merchant said he would sell spot at $227-$228/mt CFR Monday, and that there would be buyers in the market this week or next.
A Benelux-based merchant said premium 80:20 would be tradable around $225-$227/mt CFR while a European trader selling premium Baltic material estimated value at $227/mt CFR.
"Today nothing will happen. I believe the Turks will exert as much pressure possible on the sellers and then will trigger some purchases later in the week," the trader said.
He said the stronger European coil market -- ArcelorMittal announced a Eur40/mt increase Friday as reported -- and steady CIS-origin billet pricing could nudge the market up a touch.
Another supplier agreed there could be a "slight price improvement" this week as buyers take material ahead of next week's Feast of The Sacrifice holiday.
A Turkey-based agent for European merchants was more bearish, however, saying 80:20 would trade at $220-$226/mt CFR, with premium material at the top-end.
